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La French Tech’s Betrayal of Innovation



Here is the rewritten content in a provocative and controversial manner:

“As France’s new prime minister, Michel Barnier, takes the reins, the country’s startup ecosystem hangs in the balance. Parliament remains bitterly divided, crippling the nation’s economy. The French Tech Mission, once a beacon of support for entrepreneurs, is limping along without its departed director, Clara Chappaz. Her departure coincides with the decline of unicorns and the rise of deep tech spinouts and economic impact. Is the French government too slow to adapt to the changing global tech landscape?

“The once-vaunted La French Tech initiative, touted by President Emmanuel Macron as the key to unlocking 25 French unicorns, is now a relic of a bygone era. Its focus on unicorns gave way to a new initiative, French Tech 2030, which prioritizes deep tech and economic impact over flashy headlines. The same can be said for its director, Chappaz, who is expected to be replaced by someone not afraid of change and saw it as an opportunity – a code for ‘no more business as usual’.

“The French startup landscape has undergone a seismic shift, with the rise of companies like Mistral AI and Pasqal taking center stage. But do these companies truly embody the spirit of innovation and growth that La French Tech claimed to represent? The founder of France Digitale association, Maya Noël, suggests that the French government needs to shift its focus away from flashy startups and onto strategic sectors like manufacturing, healthcare, and energy, which are critical to France’s competitiveness and sovereignty.

“Chappaz’s replacement will need to navigate treacherous waters, playing the card of startup ecosystem’s contribution to the job market (1.1 million jobs) and government support. But can a new director with a background in public service really navigate the complex web of state and private interests to boost the French startup ecosystem, or will they simply prioritize bureaucratic efficiency over innovation?”



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Author: Kayitsi.com

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